JMC Projects (India) Limited (NSE: JMCPROJECT)

JMCPROJECT Technical Analysis

3

As on
9th Dec 2016 JMCPROJECT Share Price closed @
220.50 and we RECOMMENDSell
for LONG-TERM with Stoploss of
234.15 &
Sell for SHORT-TERM with Stoploss of
230.70
we also expect STOCK to react on Following IMPORTANT LEVELS.

JMC Projects is in the Construction & Contracting - Civil sector. JMC Projects (India) (JMC), formerly known as Joshi & Modi Construction was incorporated in 1986, under the name Civen Construction. The company is mainly engaged in the construction of industrial and residential buildings and also power and infrastructure development projects. The company has worked on many projects in different segments such as industrial projects, building construction and infrastructure development. JMCPL`s industrial projects include construction work for companies in various fields such as automobile, chemical, cement and power. Some of the companies for which JMC has worked on industrial projects include Bajaj Auto, Arvind Mills, Cadila Healthcare and Carrier Refrigeration. JMC`s building construction includes the construction of residential complexes and townships, hospitals and hotels and commercial complexes. Some such projects include IIM campus, Mantri Developers and East Indian Hotels. The company has also worked on various civil infrastructure development projects like construction of roads, bridges and terminals. Some of the company`s infrastructure projects include work on Bandra-Worli sealink and four laning and strengthening of Ahmedabad - Mehsana Road Project. JMC Mining & Quarries is a wholly owned subsidiary of the company. In April 2006, Kalpataru Power Transmission purchased shares representing a 49.89% holding in JMC.
The current market capitalisation stands at Rs 179.43 crore.The company has reported a standalone sales of Rs 614.41 crore and a Net Profit of Rs 3.14 crore for the quarter ended Sep 2013.
The company management includes D R Mehta - Chairman & Ind.Director, Shailendra Kumar Tripathi - Dy.Managing Director & CEO, Manoj Kumar Singh - Executive Director, Hemant Modi - Non Executive Director, Manish Mohnot - Non Executive Director, Kamal Jain - Non Executive Director, Shailendera Raj Mehta - Independent Director, Mahendra G Punatar - Independent Director.
It is listed on the BSE with a BSE Code of 522263 and the NSE with an NSE Code of JMCPROJECT.
Its Registered office is at A-104, Shapath - 4, Opp.Karnavati Club,,S G Road Ahmedabad,Gujarat - 380051.

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